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Thursday, May 29, 2008

MARKET PREDICTION

GLOBAL MARKET IS OPEN POSITIVE AFTER EASING OF CRUDE TO $130.
BUT STILL PAIN LEFT IN US BECAUSE OF HOUSING DATA AND CONSUMER SPENDING IS SUPPORTING ECONOMY,RS VS $ 42.73 ALMOST AT THE SAME LEVEL OF YEASTERDAY,TODAY IS CLEARING DAY NIFTY TUNES INTO PREMIUM FROM DINCOUNT FOR SHORT CLOSER, TOTAL MARKET O I IS 89 K CR OUT O I PREVEIL 46 K CR IN JUNE AND 43 K CR IN MAY SERISE LAST.
PUT CALL RATIO INCHED UP A BIT TO 1.29%.LEVEL OF NIFTY 4930-4980-5020 GO LONG FROM 4930 WITH S L OF 4900 AND GO SHORT FROM 5020 LEVEL WITH S L OF 5030.
BFSI AND IT AND FMCG LOOKS POSITIVE.

HAVE A NICE TRADING DAY

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